| Author (Person) | Barber, Tony |
|---|---|
| Series Title | Financial Times |
| Series Details | 18.3.10 |
| Publication Date | 18/03/2010 |
| Content Type | News |
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Article reports that the eurozone's united front against involving the International Monetary Fund in a rescue operation for Greece was cracking in the middle of March 2010, with at least three of the area's 16 nations, Finland, the Netherlands and Italy, open to calling in the IMF if needed, EU policymakers reported. The Greek government had never ruled out turning to the IMF as a last resort. Subsequent articles suggested that Germany was leaning towards involving the International Monetary Fund should Greece call for help to stem its budget crisis, a move Berlin hoped would help avoid potential objections from the German constitutional court. Subsequently, on the 18 March 2010, it was reported that the German government had decided that Greece would have to turn to the International Monetary Fund if it needed financial assistance to back its austerity programme, rather than to fellow members of the eurozone. Greek Prime Minister George Papandreou raised the stakes on the 18 March 2010 by calling for a firm pledge of EU financial support at the European Council, Brussels, 25-26 March 2010. |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe, Germany, Greece |
